Dow Jones Industrial Average futures fell 154 points, or 0.4%, to 42492. S&P 500 futures dropped 22 points, or 0.4%, to 5778.

Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour market data dispelled fears of a recession and spurred a sharp paring of rate-cut bets.

Asian equity markets saw a strong rally on Monday, with Japan’s Nikkei 225 (.N225) leading the charge, rising 2%, as robust US labor market data boosted investor sentiment and pared back expectations of significant rate cuts by the Federal Reserve.

China's Weibo microblog was abuzz with discussions about the stock market rally a day before they reopen following weeklong National Day holidays.

Investors who follow price movements along with spikes or dips in share volume can glean information about indexes’ or stocks’ direction

Traders are closely watching for additional policy measures as Beijing has signaled a sense of urgency in bringing its economy back on track.